Shanghai Auctioned 2mln CO2 Permits on June 30

30 June 2017 – Prior to the compliance deadline on 30 June, the Shanghai Environment and Energy Exchange organized an auction for companies covered by the pilot ETS. The floor price was set at 38.77 CNY (5.01 EUR), 1.2 times the weighted average market price from 19 November 2016 to 29 June 2017. The auctioned permits can only be used for 2016 compliance.